22 July 2024 | 13 replies
If you have 4 offers sitting there, I would really start looking at them and weigh that with your motivation for selling.
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20 July 2024 | 10 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).
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20 July 2024 | 18 replies
Congrats on beginning your journey, OH is a great place to start.
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17 July 2024 | 15 replies
My question is1 should I start the eviction now or wait until 30 days?
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21 July 2024 | 17 replies
I'm looking to build a team to possibly start investing there.
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16 July 2024 | 1 reply
I am mulling starting one in NYC and wondering how this relationship or awarding job orders work.Any insight would be helpful.Thank you!
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16 July 2024 | 2 replies
We have lived in this house for two years, and we are planning to start BRRRR investing with this house.
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17 July 2024 | 7 replies
We have decent credit, plenty of ambition, and really don't like our day jobs, but we don't have the cash to get us started.
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20 July 2024 | 13 replies
AI can do driving for dollars and it's 102.3X - 300X more efficient than manually or virtually driving for dollars... follow the math below:The major difference between manually (or virtually) driving for dollars, and using AI, is the efficiency and cost savings.
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18 July 2024 | 40 replies
I'm in the Bay Area houses here are very expensive for me to start with.